Phoenix Luxury Homes
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Home | $800~$2M | $2M~$4M | $4M~$6M | $6M+ | Condos~THs | Open House | Market Report | Office Listings | Sellers | ~ Select Cities ~ Cave Creek | Paradise Valley | Phoenix | Scottsdale | Neighborhoods
Welcome to Phoenix Luxury Homes where we hope you enjoy your time here. Your Search Results will appear below showing the “Newest Listings” first. We can also provide Live Video Previews for your favorite Luxury Homes! 🙂
Prices / SqFt
(Phoenix Luxury Homes)
The April 2020 selling price per square foot of $319 was down -4.8% from $335 last month and down -0.9% from $322 in April of last year. 🙂
We can currently see (436) Luxury Homes available today in Phoenix.
Phoenix Luxury Homes ~ Newest Listings
Phoenix Luxury Homes ~ Monthly Market Report
(for Phoenix Luxury Homes) Our April property sales were 49, down from 58 in April of 2019 and -15.5% lower than the 58 sales last month. April 2020 sales were at a mid level compared to April of 2019 and 2018. April YTD sales of 181 are running 10.4% ahead of last year’s year-to-date sales of 164.
(for Phoenix Luxury Homes) Our median sales price in April was $1,100,000, up 10.0% from $1,000,000 in April of 2019 and down -4.3% from $1,150,000 last month. The average sales price in April was $1,337,552, up 6.4% from $1,256,750 in April of 2019 and down -3.8% from $1,389,681 last month. April 2020 ASP was at highest level compared to April of 2019 and 2018.
(for Phoenix Luxury Homes) Our total inventory for sale as of April was 359, equal to 359 last month and down -8.2% from 391 in April of last year. April 2020 Inventory was at the lowest level compared to April of 2019 and 2018.
The average Days On Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a buyer’s market, a downward trend a move towards more of a seller’s market. The DOM for April was 72, down from 75 days last month and down from 95 days in April of last year. The April 2020 DOM was at its lowest level compared with April of 2019 and 2018.
Selling Price / Square Foot
The selling price per square foot is a great indicator for the direction of property values. Since median sales price and average sales price can be impacted by the ‘mix’ of high or low end properties in the market, the selling price per square foot is a more normalized indicator on the direction of property values. The April 2020 selling price per square foot of $319 was down -4.8% from $335 last month and down -0.9% from $322 in April of last year.
Selling Price vs Listing Price
The selling price vs listing price reveals the average amount that sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a buyer’s market exists, a ratio at or above 100% indicates more of a seller’s market. The April 2020 selling price vs list price of 93.7% was up from 92.9% last month and up from 93.5% in April of last year.
Whether you’re thinking about buying or selling, you can contact us directly to discuss your local market. We’d love to be your trusted real estate adviser if you’re looking to make a change this year. Please feel free to contact us with any questions, as we will be happy to hear from you – Thanks!! (480)208-7955 ~ Our Office is located here, and you can also see us at Paradise Valley Homes 🙂